Over 99% of power generated from renewables
Large reservoirs with a storage capacity of176.8 TWh
Installed capacity of 37,231 MW
Average cost per kWh generated of 2.11 ¢ in 20202
Return on equity 9.5%
Total assets of $81 billion
Average term of debt 20 years
|Rating agencies||Long-term debt||Commercial paper||Outlook/Trend|
|S&P Global Ratings||AA-||A-1+||N/A*|
|DBRS Morningstar||AA (low)||R-1 (middle)||Stable|
* S&P Global Ratings does not provide an outlook for Hydro-Québec’s credit rating.
2020 results and 2021 outlook3
Investments totaled $3.4 billion in 2020, despite the slower overall pace of work on jobsites due to the public health crisis.
Six fixed-rate bond issues were made in 2020 on the Canadian capital market, at an average cost of 2.22%. These bonds will mature in 2055 and 2060. The company also issued floating-rate notes maturing in 2023, for a total amount of $1.0 billion. These issues raised a total of $4.6 billion.
Investments in property, plant and equipment and intangible assets
- As at December 31, 2020.
- Sum of generating, procurement and sales costs, divided by net sales volume.
- Forecast data is supplied for 2021.
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